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And I have been proud to fulfill them and proud to welcome them. Chairman Leahy. Also, as my last inquiry, in a few of the statement today there has been a pointer that, of program, simply with all the thousands of billions, trillions of bucks all set to invest, you must simply go elsewhere.


Stenger. I would tell you that in this environment the capacity to raise capital for things we are doing would have-- it is difficult to do so in a fashion that would certainly enable us as properly and as promptly produce the important things we have actually done. You can obtain money if you have obtained 50 percent down.


I could have obtained fifty percent of that if I had the $12 million in money to set up. Every person recognizes that, yes, banks have money to loan as long as you have actually obtained half of it in your pocket prior to you request the other fifty percent. That is not exactly how business functions these days.

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You are speaking from a real-world experience, not from a brain trust experience. I will certainly leave that simply as an unjustified comment from the Chairman. Legislator Grassley. Senator Grassley. Thanks. I wish to be responsible in this issue of undocumented employees. I want to confess that we just have anecdotal information, yet I would certainly like to ask you to what level you need to go or do most likely to ensure that the centers ensure that the financial investments do not produce jobs for individuals here illegally.


Mr. Stenger. We have employed-- as I stated, at the Height we had 550 building and construction employees on our task.


They are made up of 10, 15, 20, 30 workers. They are profiting directly from the financial investment. I recognize the workers, I know their family members, and we have been able to use-- with these last 3 years of dreadful economic turmoil, we have been able to employ almost every building and construction employee in our region and the surrounding counties.

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They are invested in the areas, and they are all United state employees. Senator Grassley. Mr. Stenger.


Thanks. Mr. North, along the exact same lines of the concern I asked him, has your research revealed examples various other-- and I only provided one instance, so I wish to confess that and be responsible regarding it-- of facilities working with undocumented individuals? Mr. North. That type of information is very difficult to get from USCIS, and I should state that what we do learn about a number of the internal points regarding that company as far as this program is concerned relates to situations in which the staff has actually stated no to an application of some kind and after that the local center or the individual business owner has actually mosted likely to the Administrative Appeals Workplace-- which becomes part of the agency-- and there we get papers, we obtain a hearing police officer informing us what is taking place because particular case.




This is a bad application." There is an amount of bad applications out there, but only once that process obtains before an administrative regulation court do we see much in the way of information. Now, there was one case that you stated, and allow me just elaborate on that particular a little.

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Do not take also long because I intend to ask an additional couple concerns. Yet go on and quickly surface. Mr. North. The dairy ranch had actually asserted 17 employees, and they entered it, and the court discovered that 16 of them were illegals. Currently, that is the one example I have, and it is a fine example.


Okay. I am going to ask separate questions of each of the three of you, but it deals with this one issue. As I claimed in my opening declaration, I am worried regarding the possible technicality that permits financiers to withdraw their financial investment in local facilities after receiving their environment-friendly card.


Divine, are you knowledgeable about any type of instances in which a capitalist withdrew the financial investment and left immediately after getting an eco-friendly card? And if you are, or if you think it is a trouble, do you believe that it is a loophole that should be shut? Mr. Divine. I would certainly state that the majority of the capitalists, if you asked what are their goals, they would certainly state, "I want to obtain a permit, and I intend to keep it.


If I put my money in a hotel development-- Legislator Grassley. Can I think then that you are stating that there does not need to be any changes made in that respect? Mr. Divine. I do not believe so. Senator Grassley. Okay. Let me ask Mr. Stenger, is it usual for a financier in your experience to withdraw his or her financial investment immediately after obtaining a permit? Mr.

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Senator, no. Our programs need that the investor be invested for a minimum of 5 years and be repaid just if the organization remains in a placement to do so at the end of that time. We have the benefit of the funding to produce the business, get it running, make it successful, ensure that the work click here will be created and kept, and after that only if the business is effective will there be an exit approach for the financier.